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Education Savings Accounts for Military Families Act of 2023

USA118th CongressHR-452| House 
| Updated: 1/24/2023
Jim Banks

Jim Banks

Republican Representative

Indiana

Cosponsors (7)
David Schweikert (Republican)Robert J. Wittman (Republican)Andy Barr (Republican)Doug Lamborn (Republican)Larry Bucshon (Republican)Russ Fulcher (Republican)Patrick T. McHenry (Republican)

Ways and Means Committee, Appropriations Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Education Savings Accounts for Military Families Act of 2023 This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses. Specifically, ED must establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for specified purposes, including the cost of attendance at a private elementary or secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.
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Timeline

Bill from Previous Congress

HR 116-1605
Education Savings Accounts for Military Families Act of 2019

Bill from Previous Congress

HR 117-499
Education Savings Accounts for Military Families Act of 2021
Jan 24, 2023

Latest Companion Bill Action

S 118-60
Introduced in Senate
Jan 24, 2023
Introduced in House
Jan 24, 2023
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • Bill from Previous Congress

    HR 116-1605
    Education Savings Accounts for Military Families Act of 2019


  • Bill from Previous Congress

    HR 117-499
    Education Savings Accounts for Military Families Act of 2021


  • January 24, 2023

    Latest Companion Bill Action

    S 118-60
    Introduced in Senate


  • January 24, 2023
    Introduced in House


  • January 24, 2023
    Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Education

Related Bills

  • S 118-60: Education Savings Accounts for Military Families Act of 2023
Bank accounts, deposits, capitalEducation programs fundingElementary and secondary educationIncome tax exclusionMilitary personnel and dependentsStudent aid and college costs

Education Savings Accounts for Military Families Act of 2023

USA118th CongressHR-452| House 
| Updated: 1/24/2023
Education Savings Accounts for Military Families Act of 2023 This bill directs the Department of Education (ED) to establish a program to provide children with parents on active duty in the uniformed services with funds to pay educational expenses. Specifically, ED must establish a tax-exempt Military Education Savings Account for dependent children of parents in the uniformed services for the payment of the children's educational expenses. Funds in the savings account may be used for specified purposes, including the cost of attendance at a private elementary or secondary school or institution of higher education, private tutoring, or costs associated with an apprenticeship or other vocational training program.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-1605
Education Savings Accounts for Military Families Act of 2019

Bill from Previous Congress

HR 117-499
Education Savings Accounts for Military Families Act of 2021
Jan 24, 2023

Latest Companion Bill Action

S 118-60
Introduced in Senate
Jan 24, 2023
Introduced in House
Jan 24, 2023
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • Bill from Previous Congress

    HR 116-1605
    Education Savings Accounts for Military Families Act of 2019


  • Bill from Previous Congress

    HR 117-499
    Education Savings Accounts for Military Families Act of 2021


  • January 24, 2023

    Latest Companion Bill Action

    S 118-60
    Introduced in Senate


  • January 24, 2023
    Introduced in House


  • January 24, 2023
    Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and Appropriations, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jim Banks

Jim Banks

Republican Representative

Indiana

Cosponsors (7)
David Schweikert (Republican)Robert J. Wittman (Republican)Andy Barr (Republican)Doug Lamborn (Republican)Larry Bucshon (Republican)Russ Fulcher (Republican)Patrick T. McHenry (Republican)

Ways and Means Committee, Appropriations Committee, Education and Workforce Committee

Education

Related Bills

  • S 118-60: Education Savings Accounts for Military Families Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bank accounts, deposits, capitalEducation programs fundingElementary and secondary educationIncome tax exclusionMilitary personnel and dependentsStudent aid and college costs